ELMS Expands Leadership Team with Deputy Chief Financial Officer and Treasurer and Chief Revenue Officer
September 24 2021 - 6:05AM
Electric Last Mile Solutions, Inc. (NASDAQ: ELMS; ELMSW) (“ELMS” or
“the Company”), a pure-play commercial electric vehicle (“EV”)
company focused on redefining productivity for the last mile, today
announced two executive appointments.
Rob Song was appointed as Deputy Chief Financial
Officer and Treasurer bringing nearly 20 years of diverse finance
experience to ELMS, spanning public company finances, investments,
debt and equity capital markets and investor relations. Ron
Feldeisen joined as Chief Revenue Officer with 30 years of
automotive, business-to-business and large enterprise sales
experience.
“We continue to hire top talent to support our
growth plans as we ramp up our production of the ELMS Urban
Delivery, the first Class 1 commercial electric vehicle in the
United States. Rob and Ron bring diverse and extensive finance and
sales knowledge to our team,” said James Taylor, ELMS Co-Founder
and CEO. “Their leadership roles are crucial to execute our
go-to-market strategy as we transition from a pre-revenue to
revenue generating company and begin delivering vehicles with
unique solutions to our customers.”
Before joining ELMS, Mr. Song served as Chief
Investment Officer of CorePoint Lodging Inc., a publicly traded
real estate investment trust. Prior to that, he was involved in the
planning and execution of capital markets activities for Alphabet,
Inc. Mr. Song also spent eight years at Morgan Stanley in New York
and Sydney, serving as Vice President of Investment Banking. He
holds a Bachelor of Commerce in Actuarial Science and a Master of
Finance from Macquarie University in Australia.
Mr. Feldeisen served in various executive sales
and marketing roles before joining ELMS. As Senior Vice President
of Global Sales and Marketing at JR Automation, an automated
manufacturing and robotics company, he played a key role in the
company’s transformation to deliver software-based solutions. He
also served as Senior Vice President of Global Sales and Marketing
for Joyson Safety Systems, a leading Tier 1 automotive safety
supplier, recognized as one of the fastest-growing companies in its
sector. Mr. Feldeisen holds a Bachelor of Science in Engineering
from Grove City College and a Master of Business Administration
from Duke University.
About Electric Last Mile Solutions,
Inc.Electric Last Mile Solutions, Inc. is focused on
defining a new era in which commercial vehicles run clean as
connected and customized solutions that make our customers’
businesses more efficient and profitable. The Company is
differentiating itself from the traditional OEM approach by
focusing exclusively on Class 1 to Class 3 commercial vehicle
segments. ELMS’ first vehicle, the Urban Delivery, is anticipated
to be the first Class 1 commercial electric vehicle in the U.S.
market. The company is headquartered in Troy, Michigan. For more
information, please visit www.electriclastmile.com.
Forward-Looking StatementsThis
press release includes “forward-looking statements” within the
meaning of the “safe harbor” provisions of the Private Securities
Litigation Reform Act of 1995. The Company’s actual results may
differ from its expectations, estimates and projections and
consequently, you should not rely on these forward-looking
statements as predictions of future events. Words such as “expect,”
“estimate,” “project,” “budget,” “forecast,” “anticipate,”
“intend,” “plan,” “may,” “will,” “could,” “should,” “believes,”
“predicts,” “potential,” “continue,” and similar expressions are
intended to identify such forward-looking statements. These
forward-looking statements include, without limitation, the
Company’s expectations with respect to future performance of the
business, the size, demands and growth potential of the markets for
the Company’s products and the Company’s ability to serve those
markets, the Company’s ability to develop innovative products and
compete with other companies engaged in the commercial delivery
vehicle industry and/or the electric vehicle industry, the
Company’s ability to attract and retain customers, the estimated go
to market timing and cost for the Company’s products, and the
implied valuation of the Company. These forward-looking statements
involve significant risks and uncertainties that could cause the
actual results to differ materially from the expected results. Most
of these factors are outside the Company’s control and are
difficult to predict. Factors that may cause such differences
include, but are not limited to: (1) the inability to recognize the
anticipated benefits of the business combination, which may be
affected by, among other things, competition and the ability of the
Company to grow and manage growth profitably and retain its key
employees; (2) changes in applicable laws or regulations; (3) the
possibility that the Company may be adversely affected by other
economic, business, and/or competitive factors; (4) the impact of
COVID-19 on the Company’s business; (5) any delays the Company may
experience in realizing its projected timelines and cost and volume
targets for the production, launch and ramp up of production of the
Company’s vehicles and the modification of its manufacturing
facility; (6) the ability of the Company to obtain customers,
obtain product orders, and convert its non-binding pre-orders into
binding orders or sales; (7) the Company’s ability to implement its
business plans and strategies; and (8) other risks and
uncertainties described in the “Risk Factors” section of the
Company’s Quarterly Report on Form 10-Q for the quarter ended June
30, 2021 and in the Company’s future filings with the Securities
and Exchange Commission. Some of these risks and uncertainties may
in the future be amplified by the COVID-19 outbreak and there may
be additional risks that the Company considers immaterial or which
are unknown. The Company cautions that the foregoing list of
factors is not exclusive. The Company cautions readers not to place
undue reliance upon any forward-looking statements, which speak
only as of the date made. The Company does not undertake or accept
any obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements to reflect any change
in its expectations or any change in events, conditions or
circumstances on which any such statement is based.
ContactsFor Electric Last Mile,
Inc.elms-svc@sardverb.comIR@electriclastmile.com
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